It’s getting worse for the banks…

The epic commercial real estate hangover for banks is getting worse.

The delinquency rates for Chicago-area commercial mortgages along with construction and land loan delinquencies jumped again in the second quarter and could rise well into 2010.

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=35304

With NAR reporting that 31% of all existing home sales are short sales today, there’s huge opportunity, my friend!

Jeff Kaller